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Veracyte VCYT Business Segments — Direct expense

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Other financials

Income statement

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Revenue$139.1M+21.5%
Gross profit$101.2M+27.2%
Operating income$22.6M+680%
Net income$28.7M+307%
EPS (diluted)$0.35+289%

Balance sheet

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Cash & equivalents$264.8M+41.0%
Total debt$39.3M-22.1%
Total equity$1.3B+12.5%
Total assets$1.4B+9.2%

Cash flow

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Operating cash flow$35.2M+557%
CapEx$3.0M+62.8%
Free cash flow$32.3M+810%

Valuation

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Market cap$3.71B+97.6%
Enterprise value$3.48B+104%
P/E42.2×-29.1×
P/S6.9×+2.9×

Profitability

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Gross margin70.9%+2.9pp
Operating margin14.3%+9.2pp
Net margin16.2%+9.1pp
FCF margin28.7%+11.7pp

Returns & leverage

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Return on equity6.9%+4.1pp
Debt / equity0.0×
Current ratio9.3×+4.2×

Where this comes from

Reported directly by Veracyte in its filing.

Tagged under the XBRL concept vcyt:DirectOperatingExpenses.

The source filing: Veracyte’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 8:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001384101-26-000031
Line itemThree Months Ended March 31, 20262025
Operating expenses:
Research and development:
Compensation expense15,5479,748
Direct research and development expense4,1984,141
Other research and development expenses (4)5,4601,815
Allocation of facilities and IT expenses1,8932,016
Total research and development27,09817,720
Selling and marketing:

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Veracyte's business segments — direct expense?
Veracyte (VCYT) reported business segments — direct expense of $4.2M in Q1 2026.
How has Veracyte's business segments — direct expense changed year-over-year?
Veracyte's business segments — direct expense increased by 1.4% year-over-year, from $4.14M to $4.2M.
What is the long-term trend for Veracyte's business segments — direct expense?
Over 3 years (2022 to 2025), Veracyte's business segments — direct expense has grown at a 39.3% compound annual growth rate (CAGR), from $6.14M to $16.6M.
What does business segments — direct expense mean?
Represents the specific, traceable operating costs directly incurred by the reportable segment to support its business activities. This metric helps isolate the segment's operational footprint from shared corporate overhead.

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